Equilibrium Diffusion of Technological Change through Multiple Processes

dc.contributor.author Cabe, Richard
dc.contributor.department Center for Agricultural and Rural Development
dc.date 2018-02-16T11:25:35.000
dc.date.accessioned 2020-06-30T01:06:26Z
dc.date.available 2020-06-30T01:06:26Z
dc.date.embargo 2015-06-04
dc.date.issued 1990-06-01
dc.description.abstract <p>This paper provides a synthesis of recent contributions to the literature of equilibrium diffusion of technological change, points out a difficulty common to all, and offers a proposal to resolve the difficulty.</p> <p>Diffusion can be regarded as the result of processes involving changing circumstances in an environment of heterogeneous agents. If diffusion arises from simultaneous operation of multiple processes, the ceteris paribus qualification necessary for theoretical work may be stringent; for empirical work, parameters of individual processes cannot be identified without specifying a multiple process model.</p> <p>But non-trivial multiple process models are generally analytically intractable. The paper's synthesis of the literature is based on a heuristic multi-process equilibrium model of the adoption decision and proposes numerical simulation as an avenue to escape the related problems of tractability and identification. A numerical experiment with a prototype multi-process simulation model suggests the possible importance of interaction among processes. Recent econometric advances offer new prospects for estimation of the parameters of such models.</p>
dc.identifier archive/lib.dr.iastate.edu/card_workingpapers/94/
dc.identifier.articleid 1092
dc.identifier.contextkey 7180121
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath card_workingpapers/94
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/13017
dc.source.bitstream archive/lib.dr.iastate.edu/card_workingpapers/94/90wp60.pdf|||Sat Jan 15 02:32:28 UTC 2022
dc.subject.disciplines Growth and Development
dc.subject.disciplines Technology and Innovation
dc.title Equilibrium Diffusion of Technological Change through Multiple Processes
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isOrgUnitOfPublication 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d
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